all gurus...

i am a newbie to the stock market...how can i start trading?like with a remisier and also online?

which online trading provides the best functions and low rates?

thank you...soli 4 bumping sumthing dat is not relevant

You need to open a CDS account which a broking house will help you do, and also an account with the brokers you want to deal with, like OSK, CIMB, etc.

It's hard to say which online trading portal provides the best functions because not many people have used every kind of portal out there.

Rates of online trading or even through a remisier really depends how much of a trader you are. If you trade in hundreds of thousands, definitely you can negotiate a better rate for yourself. But most of us small 'ikan bilis' tend to get a rate of 0.6% for remisier trading and about 0.42% for online trades. Day trading rates are similar at 0.15% I think.

Try to trade via a remisier since you are new, to learn something new and hear what the 'analysts' have to say. Unlike online portals, remisiers or dealers can point out mistakes and wrong assumptions to you before you make it.

Anyway, read up more on the market and good luck.

For everyone's information

1 Lot = 1000 shares
Odd Lots = anything less than 100 shares i.e. 99-1 share

Open Trading Account
1. Open CDS account pay Rm 10
2. Open trading account (Free)
3. Open Online trading account (Free)
4. Start Trading

Commission Rates
0.6% - 0.42% standard
Intraday (Day Trade) 0.2-0.15% (conditions attached)
Preferential 3%

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Added on January 2, 2008, 1:37 amBefore Trading Checklist
1. How much capital do you have?

2. How much can you lose up to?
i.e. say you have RM 5000, can you lose Rm 5000 and still go on living a normal life?
- do you need the money urgently?

3. Investment Strategy
- Defensive
- Investment
- Aggresive

4. Read news, books, research and do your homework

5. Will it affect ur lifestyle?
- Glued to the monitor from 8.30 to 5pm, worried about price flactuations?

6. This isnt Bursa Pursuit, real money is involved have you factor that in?

7. Bankruptcy at age of 18 ?

This post has been edited by aurora97: Jan 2 2008, 01:37 AM

1 lot suppose to be 100 shares for now not 1000 shares. Previously anything less than 1000 shares is odd lots.

hehe I revived an old thread.. checking all the thread for info and some question again, hope u guys don't mind if i ask too much..

what does the quote mean in the "he buy 1000 shares at rm1" but when decrease to rm0.70 he said he got 1428 shares.. umm isn't it will go to 700 shares instead? confuse here :-(

if you buy 1000 share at RM1 , you get 1000 shares, your cost is RM1000 + misc trading fees
and if the price drop to RM0.7, you share value stands at RM0.70 x 1000 shares = RM700

if the price of share drop from RM1.00 to RM0.70, then you use RM1000 to buy share at RM0.70, then you get 1428 shares.

The number of shares that you have bought will remain same unless you sell. Only the price of the share fluctuate with the market. your share holding DO NOT fluctuate with the market.

ok i get it by 1000 / 0.70 = 1428 shares

so the 1428 shares is value at RM 700 right at that moment right?

Hi, I'm new here, just want to learn about stock exchange. What is bursa pursuit? and how can involve in stock exchange can lead to bankruptcy?

1428 shares exist because you use RM1000 to buy share worth RM0.70 each.

This post has been edited by ante5k: Jun 18 2008, 03:51 PM